British MPs reject all Brexit alternatives, again

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Small toy figures are seen in front of a Brexit logo in this illustration picture.

The British pound rose on Monday as investors prepared for parliament to vote on a series of Brexit options, with some hoping that the current uncertainty will end in a softer Brexit than Prime Minister Theresa May's defeated withdrawal agreement.

"If the house were to agree a deal this week, it would still be possible to avoid holding European parliamentary elections", Barclay said.

After the latest round of indicative votes failed to produce a clear victor, Brexit Secretary Stephen Barclay said: "If the House were to agree a deal this week it may still be possible to avoid holding European parliamentary elections".

The DUP voted against all four proposals, while cabinet ministers had to abstain from taking part in the votes, according to The Guardian.

Calls on the government to ensure any Withdrawal Agreement and Political Declaration negotiated with the EU includes a commitment to negotiate a permanent and comprehensive UK-wide customs union, and to enshrine this aim in law.

"To secure any further extension, the government will have to put forward a credible proposition to the European Union", he said. "The Government continues to believe that the best course to take is to do so as soon as possible".

"If it is good enough for the Prime Minister to have three chances at her deal then I suggest that possibly the House should have a chance to consider again the options that we had before us today, in a debate on Wednesday, so that the House can succeed where the Prime Minister has failed, in presenting a credible economic relationship with Europe for the future that prevents us crashing out with no deal".

As it stands, without a solution, a no-deal Brexit will set in on 12 April, less than two weeks from now.

May has summoned her Cabinet for a marathon meeting Tuesday to thrash out the options.

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What happens now Parliament has rejected all alternatives to May's Brexit deal?

A fourth vote on May's deal?

Britain voted by 52 percent to leave the European Union in a 2016 referendum, but the process has been mired in divisions over the terms of the divorce and what kind of future ties to seek.

The four options included remaining in a customs union with the EU; membership of the single market with a customs arrangement; putting any agreed deal to a second referendum; and halting Brexit altogether if necessary to avoid leaving the bloc without a deal.

Common Market 2.0 - a plan for close engagement with the European Union after Brexit along the lines of Norway's relationship with the bloc - got 261 votes in favour, with 282 ballots against.

If Europe's leaders have agreed an extension to the Article 50 process, the United Kingdom will elect MEPs to the European Parliament.

Conservative Nick Boles, who failed to get the backing of the house for his "Common Market 2.0" amendment, announced he would resign from the party.

Deputy Labour Party Leader Tom Watson said whatever comes out of Parliament's attempts to find a new way forward on Brexit should be put to a second referendum.

"I accept that I have failed", he added.

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